This all pales into comparison to the CGT we stand to get slugged if its at the same rate as the 5% sale to GF recently. That was around 12% tax, so apply that across the other 40% we currently hold. US$342mx12%=$US$41m, or circa $AU60m. And that's on top of the US$60m we had to pay Mali to even do the sale.
Maybe we get 40cps back at best. Not bad for a 70c ipo buy in for what will one day be 500kt per year project.
I guess the board thinks we'll all be so sore from the Mali reaming we won't even feel the extra pain.
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